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OCBC supports the deal outlining Los Angeles World Airports (LAWA) to transfer control of Ontario International Airport Authority (OIAA). Los Angeles Mayor Eric Garcetti and Ontario International Airport Authority (OIAA) President and Ontario Mayor pro Tem Alan Wapner made the announcement last week. OCBC’s Lucy Dunn has served on OIAA since 2012, advocating for local control of the airport as it has seen major revenue loss and decline in passenger traffic under LAWA control and is an integral component to Southern California’s regional infrastructure. The cities plan to have the formal Settlement Agreement completed within the next two months, and slated for approvals by the Ontario City Council, the OIAA, The LA Board of Airport Commissioners and the Los Angeles City Council shortly thereafter. FAA and TSA approvals are expected mid-2016.

OIAA’s Strategic Business Plan was adopted in 2013 and outlines how the OIAA will operate and grow the airport as one of the most competitive, efficient, innovative and customer-friendly passenger, cargo and business airport in the U.S. The impact on the airline costs as a result of the transaction will be neutral at the outset, but significant savings to airlines are expected to result over time from the implementation as the plan is implemented. Additionally, ONT is exploring international air service opportunities, including Mexico. CLICK HERE for the full OCBC press release. For more information, contact Bryan Starr, Senior Vice President, Government Affairs.